As the well of government benefits for Covid runs dry, economists say that people are expected to return to work. Some are even hopeful that we will return to pre-pandemic levels this year.

From The Daily Wire. On Tuesday, The Wall Street Journal reported that an estimated 11.2 million job openings still remain on the market while far fewer people are searching for work, according to an estimated jobs report compiled by Indeed.com….

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“Demand for labor is still incredibly high, but there’s also progress happening, and we are on track to getting back to a pre-pandemic labor market based on many metrics by this year, potentially,” Nick Bunker, an economist at Indeed, said to the Journal.

Joshua Shapiro, a chief U.S. economist at forecasting firm Maria Fiorini Ramirez Inc., told the Journal, “A lot of government support that was helping people out is over—the government cheese isn’t coming anymore. They’ll need to work in order to support themselves.”

“And kids are back in school, so parents don’t have to worry about what to do with their kids,” Shapiro added.

Michelle Pusateri, the owner of Nana Joes Granola in San Francisco, explained to the Journal that her company has been looking at cutting costs without having to hire more workers at a more expensive wage….

Yet according to Patricia Buckley of Deloitte, rising inflation could harm workers as a whole because “while consumers’ expectations for inflation can affect wages, higher inflation can also lower demand for certain goods and services—potentially also reducing some employers’ demand for workers,” the Journal reported.

One part of the discrepancy in the market can be explained by the sheer number of people who left their job between 2020 and 2022….

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(Excerpt from The Daily Wire. Photo Credit: Eric Prouzet on Unsplash)